Well looks now this was a three day shakeout on NZD.... EURAUD trend continued...
Now I did buy EURNZD at 1.5884- but exited at the first resistance around 1.5967 (had to sleep)
I guess bigger question-- where is next resistance on EURAUD (I thought maybe 1.5151) and is that a bull flag forming on NZD?
On AUD I can see 5 waves down after a flat and a kind of H &S pattern. should also point out that the initial rise today on EN & EA was with EURUSD and holding NZD& AUD Not dropping them so the MM can achieve rising all five if they continue to desire too-- makes trade following tough...
Any positions I take will have to be smaller than usual and scale in to minimize the loss
One more crazy thing last two weekend gaps have favored the trading trend I don't expect a third. (meaning either a flat open sunday or counter trend gap)
Enough ranting...
